Brazil Leads FPSO Crude Production Capacity

Laxman Pai
Monday, August 26, 2019

Brazil will also lead globally on crude production capacity through upcoming floating production storage and offloading (FPSO) vessels with 2,430 thousand barrels per day (mbd) between 2019 and 2025.

A total of 20 planned and announced floating FPSOs are expected to be deployed offshore Brazil during the outlook period, the highest among countries globally, revealed a report by ResearchAndMarkets.

Among the 20 upcoming FPSOs to be deployed in Brazil by 2025, 11 are planned with identified development plans while nine are early-stage announced FPSOs that are undergoing conceptual studies and are expected to be approved for development.

Petroleo Brasileiro SA (Petrobras), the state-owned company of Brazil, will operate 13 out of these 20 FPSOs.

In Brazil, the Mero (Libra Noroeste) field is expected to have the highest deployment of four upcoming FPSOs by 2025; Marlim and Lula Oeste are the additional key offshore fields in the country with two FPSO deployments each during the outlook period.

Angola stands as the second highest country globally with five upcoming FPSOs by 2025. All the upcoming FPSOs in the country are announced FPSOs. Sonangol P&P and Cabinda Gulf Oil Company Ltd lead the deployments in the country with two FPSOs each.

Nigeria follows Angola with the deployment of four FPSOs, of which three are announced and one is planned. Yinson Holdings Bhd is the operator of the planned FPSO, Abigail-Joseph. Brazil, Angola, and Nigeria are expected to contribute around 62% of global crude production capacity through FPSOs by 2025.

Categories: FPSO Storage

Related Stories

Shell’s Brazil-Bound FPSO Starts Taking Shape

Russia Targets 2028 for Sakhalin-3 Gas Project Start Up

Hibiscus Petroleum Starts Drilling at Teal West Field off UK

Yinson Production Nets DNV Approval for New FPSO Hull Design

Aquaterra Energy Nets Subsea Analysis Contracts with INPEX off Indonesia

Chinese Contractor Secures Offshore Oil and Gas ‘Mega Deal’ from QatarEnergy

Saipem Bags $1.5B Contract for Türkiye Largest Offshore Gas Field

CNOOC Brings Online Another Oil and Gas Project in South China Sea

China Starts Production at Major Oil Field in Bohai Sea

MODEC, Carbon Clean to Advance FPSO-Mounted Carbon Capture Tech

Current News

Shell’s Brazil-Bound FPSO Starts Taking Shape

Ventura Offshore’s Semi-Sub Rig to Keep Drilling for Eni in Asia

SBM Offshore, SLB to Optimize FPSO Performance Using AI

MODEC Ramps Up Hammerhead FPSO Work After ExxonMobil's Go-Ahead

Aesen, DOC JV Targets Subsea Cable Logistics

Timor Gap Boosts Stake in Finder Energy’s Timor-Leste Oil Fields

SBM Offshore Starts Construction of FSO for Trion Oil Field off Mexico

Russia Targets 2028 for Sakhalin-3 Gas Project Start Up

Seatrium Secures ABS Backing for Deepwater FPSO Design

MDL Secures Cable Laying Job in Asia Pacific

Subscribe for AOG Digital E‑News

AOG Digital E-News is the subsea industry's largest circulation and most authoritative ENews Service, delivered to your Email three times per week

https://accounts.newwavemedia.com